Energy & Sustainability
The meeting comes in light of the turmoil witnessed by the global banking sector
Exclusives
The meeting comes in light of the turmoil witnessed by the global banking sector
Ahead of COP28 to be held in Dubai later this year
Amid Kurdish supply concerns and banking relief
Discussions on localizing tech for producing first EV car in Arab countries
Saudi company takes $3.6 bn stake in Chinese oil refinery Rongsheng
Two nations announced strategic partnership to address food security
Beverage named Product of the Year Gulf 2023
Why we need to produce water more efficiently and use it more wisely
No injuries occurred as a result of the spill
Crude oil has been on a declining trajectory since last June
Oil prices have fallen to levels seen at the end of 2021
Efforts to develop $3 bn global weather warning system by 2027
Tech giants will control 95% of new cars' operating systems by 2025
Oil rises on OPEC expectations of demand from China
GCC banks' sustainability strategies could expand sustainable financings
Cash dividend of $19.5 bn for Q4
"Make climate education mandatory on school curriculums"
UAE taking more cargoes of Russia crude oil
The world must cut emissions by 7% each year
Both sides highlighted importance of COP28
To develop more efficient gasoline engines and hybrid systems
In support of the country's climate change efforts
40 percent of the world's countries apply this
Investment will be funded by a combination of long-term debt and equity
The house of luxury is set to deliver its first EV
The financial sector has a central role in helping to finance the green transition
Record number of green sukuk issuances from GCC in 2022
The company increases the offered shares from 4% to 5% of the capital
with FAB and NBK among the lead arrangers
Resulting in at least three fatalities and 294 injuries
Cash dividends proposed, representing 50 percent of its capital
Oman collected over $949,000 for Türkiye and Syria quake victims
Subscriptions to offer expected on February 23
UAE stepping up wheat cultivation to ensure food security
World needs USD1 trn annually to exert energy transition
OPEC sees the sector needing $500 bn investments annually
Global ESG assets could exceed $50 trillion by 2025
The MEA E-Bike Market projected to reach $1.27 billion by 2027
A jet departed yesterday transporting 37 tons of medical kits
To assist those affected by Turkey's 7.8-magnitude earthquake
76 killed in Turkey, 111 dead in Syria, hundreds wounded
Will the European ban on Russian diesel raise global fuel prices?
Price cuts from Tesla, Chevrolet, and Hyundai
Russia: Current oil price level acceptable
Al Dhafra cuts emissions equivalent to removing 470,000 cars
"We will purchase 1.4 bn cubic metres of gas annually for 10 years"
Investments also aim to add transport lines and distribution networks
"This should not come at the expense of economic growth"
Kremlin: Putin, Saudi crown prince, discussed oil market stability
AirCarbon: First voluntary carbon trading and clearinghouse
Agreements to be signed on Sunday
Start-up TileGreen turns plastic waste into eco-friendly tiles
As country gears up for COP28
70,000 charging points considered to be required in Abu Dhabi
Aspiration, a multibillion-dollar fintech company, announced UAE expansion
To promote the circular economy, growth of sustainable industries
Major changes in the way we work and when we work
Zero-emission Mirai Fuel Cell Electric Vehicle, Fuel Cell Forklift at energy Summit
To invest in global mining assets
Nargis-1 well located in offshore concession
Following presidential directive
Phase one involves construction of two large commercial nuclear reactors
As an anticipated ban of oil products from Russia takes effect
Will increase QatarEnergy's capacity to 14 mil mt/year
This would reduce industry-wide emissions by 80 percent
Markets await US inflation data this week
UAE and Saudi have been massively investing in AMI systems
Projects include investments in clean power, carbon capture and storage
Main drivers of global growth are all slowing down simultaneously
لإhe tender, the third of its kind, was set for 12 blocks
Ban starts from February 1
Focus on the circular carbon economy and carbon recycling
Double-digit million dollar deal accelerates Blacklane’s growth in region
"Inaccurate information almost always present in some forecasts,"
Mega plant to produce 1.2 million tons of green ammonia per year
Moscow: Unacceptable action and violation of market processes
Driving country's efforts to establish itself as a regional energy hub
Country to capitalize on opportunities for oil and gas exploration
To build 120MW solar project in South Africa
Project expected to produce 18,000 kilograms of green hydrogen per day
Its forecast for economic growth in 2023 left unchanged at 2.5%
The drilling operations teams had been mobilized
The development aims at producing 1 billion cubic feet of gas
TAQA paid $1.02 bn for its 43% controlling stake in the clean energy venture
To provide steel for the automotive sector
EU ban on Russian crude oil imports comes into force
Investors had sealed preliminary agreements
Event will be held at ADNEC from 16-18 January
State of anticipation EU and G7 decisions
DEWA is studying a proposal for building a hydrogen fueling station in Dubai
Deliveries will start in 2026
Plans to increase its production capacity to 5 million b/d by 2027
A bid to mitigate the devastating effects of climate change on the Delta
The first cargo is currently being shipped aboard the Pacific Sarah tanker
EU remains divided over Russia's oil price cap
The first event to assess Paris Agreement commitments
ACCA reaffirmed its commitment to Certificates in Sustainable Finance
G7 expected to announce today ceiling level of Russian oil prices
"Fund for loss and damage"and "rapid" reduction of emissions
Talking with results is key
Project expected to start in 2023 and be completed by 2026
“The project sets global benchmarks in clean energy production”
Highlighting country's ability to attract private investment in strategic sectors
Brazilian President is star of conference today
To finance, facilitate transition to clean energy
To 2.5 million barrels per day
On high energy prices
UAE also launched national net zero pathway by 2050
Kingdom plans to submit soon ten new renewable energy projects
This is the world's highest level of anxiety registered by far
"The energy sector is the most vulnerable to cyber-attacks"
Estimated reserves are not yet clear
The program's total investments amount to $14.7 bn
Madbouly: "Solidarity among all parties has become an unavoidable option"
Funding is set to be provided by private and public investors
Farm will save Egypt $5 bn in annual natural gas costs
The world still relies on fossil fuels for 83% of its energy
New project using Egyptian engineers and state-of-the-art technology
In line with Sultanate’s 2050 Net-Zero Carbon Vision
Top leader quotes from the summit
AD Airports signs agreement to promote future of advanced air transport
Saudi and Egypt agree to cooperate in electricity and renewable energy
Kuwait also seeks to become carbon neutral in oil and gas sector by 2050
Firms investing in environment for first time surged fivefold since 2021
Bin Zayed: "Cimate change threatens global security"
Egypt tops list of Arab countries using wind to produce electricity
British Prime Minister will demand from countries to keep their promises
The historical city in danger of drowning
The transition to renewables will 'take longer than expected'
Methane is solely responsible for 30% of global warming.
Up from a loss of SAR 27 mn in Q3 2021
Summit will cover a wide range of climate mitigation and adaptation topics
OGCI has supported the development of multiple low-carbon hubs
Rishi Sunak reverses decision to skip climate talks
To produce 100 gigatonnes of clean energy by 2035
"OPEC+ will continue to to work on balancing supply, demand"
Al Jaber: "The energy security is the foundation for economic and social progress"
To refinance existing debts, general corporate purposes
One of the world's largest venture capital funds with a capital of $1.5 billion
Hochstein: "Both sides will lose if one of them violates the agreement"
There’s no substitute to global action against overwhelming weather
A total of 15 Saudi and regional entities took part in the auction
Company's total global VLCC deal value hits AED 900 mn in 4 months
Forcing producers to pay to unload it
Fund will hold 80% stake in 500-million-riyal company, 20% for Tadawul
"The world is experiencing the first truly global energy crisis"
Shell claims 9.3% of shares in the NFS expansion project
Hamburg is hoping to become a hydrogen hub
Saudi, China agree to strengthen energy cooperation
Fitch: Lebanon not to receive significant revenues before start of production
In contrast to the relatively low global average of only 5.5 out of 10
"The issue is going to be replenishing the reserves, or storage, for next year"
Given their access to cost-efficient renewables
"OPEC+'s recent decision was taken unanimously, based on a vote"
"Oil price volatility means that no investments are being made"
WETEX, Dubai Solar, anchor UAE’s image as green tech leader
With the participation of dozen global ministers
Foreign Ministry: "Statements are not based on facts"
We are in the midst of a planetary emergency
Pressures on GCC's chemical companies are similar to rest of the world
Dividend will be paid to the Company’s eligible shareholders in October 2022
Amos Hochstein's efforts could lead to a historic agreement
In recognition of city's efforts in creating sustainable, happy community
To boost ADNOC's offshore operations
Project valued at 1 billion Egyptian pounds
EU prepares to approve Russia's oil price cap
GCC generates between 105 and 130 million tons of waste per annum
White House: U.S. needs to be less dependent on OPEC+
Bloomberg expects production cuts of up to two million barrels per day
Despite increasing climate impacts, climate optimism grew to 48%
"Global spare capacity to raise oil production is very low"
Egypt already getting clean energy ready
Reports suggest coalition will reduce output by more than one million barrels
Project linka 2 ADNOC-owned offshore facilities to Abu Dhabi's onshore grid
10-year contract to deliver collection, transportation, and cleaning services
Exports are significantly higher than they were last year
"Event showcases UAE’s achievements in renewable, clean energy sector"
Prices have fallen sharply this month by about 30 percent
108 international agreements signed valued at $22 bn for gas excavation
Country is restructuring its oil and gas sector
Germany seeks to diversify energy sources amid reduced supply of Russian gas
French energy firm will have a 9.3% stake in North Field South gas project
Project to reduce carbon footprint of ADNOC’s offshore operations by 30%
But more realism about the scale of the challenge is need to properly address it
New land masses, tourism, to spur further economic revival
As part of the country's efforts to diversify oil imports way from Russia
“Even if the conflict in Ukraine stopped today, the crisis would not end”
By selling existing shares, issuing new ones
Council also discussed enhancing current gas cylinders to advanced ones
Decision will have no effect on local plastic bag factories
A net-zero carbon community that will accommodate up to 100,000 people
Saudi, Libya lead the output increase
Up from previous target of 23.5%
UAE's EV market is estimated to grow at a CAGR of 30%
To supply fuel required to generate electricity at the Hassyan power complex
Economic stagnation is not a condition for decline in oil demand
Initiative has seen 46 fountains installed across the emirate since launch
As part of its preparations for COP 27
Truss plan costs £130 bn for 18 months
Russia’s response to capping oil prices is more shipping to Asia
Oil prices jumped more than 3 percent after the decision
Wall Street Journal: Russia opposes plans to cut production
Truss favorite to lead Conservative Party, run Downing Street, come Monday
20% for households, 50% for the industrial sector
The new pricing includes 5% value added tax
Production to start in Q1 2026 in Mesaieed Industrial City
Musk also seeks to launch Starship to orbit
Oil demand demand faces great uncertainty
Announced contracts are largest of their kind in oil and gas
Main catalyst for oil price improvement is Saudi Oil Minister’s comment
Gazprom will "completely" suspend its gas deliveries to France's Engie
Manufacturing, distribution to be hit hardest and costing $4.2 trn
Concern about a global economic slowdown
The standard European gas price has risen 550% in past 12 months
Adoption of green pathways is a gender-neutral responsibility
The African continent needs billions in assistance for food security
Saudi's statements are supported by the UAE, Sudan
The US Mediator in Beirut next week
Companies included Saudi Al-Fanar and UAE's Alcazar
Nuclear negotiations with Iran and their return to oil markets
Al-Faris: Since 2020, OPEC+ successfully maintained oil market stability
Output cuts likely to coincide with Iran’s possible return to oil markets
OPEC + will soon begin working on a new agreement for post-2022
Exploration contributes to energy security, additional gas supply to Europe
As part of the country’s vision to adopt a circular carbon economy
Azour: "Critical to maintain fiscal discipline and momentum on reforms"
Project is valued at $23 billion
Third filling of Nile dam heightens Ethiopia-Egypt crisis
Oil falls to a 6-month low on Tuesday
OBG: Range anxiety, digital security are main challenges
Royal Swiss Auto offers vast range of EV care and maintenance services
Some hotels are not being able to access dedicated internal support
Including 1.97 billion riyals in Russian energy companies
Summit reflects UAE's unlimited support for energy, climate change issues
Production at several US offshore platforms in the Gulf of Mexico has resumed
Announced a dividend of $18.8 billion
Shops and malls will have to limit their use of strong lights
Poorer countries scream foul, and China out of climate negotiations
Contract awarded by ADNOC Offshore to ADNOC Logistics & Services
This is due to war, inflation, and plans to contain Corona
Deal in line with IHC’s long-term investment strategy in the clean energy sector
UAE’s growing energy demand boosted DEWA profits
Earnings before interest, tax depreciation amounted to $3.1 bn
A 34% increase compared to 2021
Goldman Sachs revised its oil price forecast to $110 a barrel
Driven by higher average selling prices
By lowering greenhouse gas emissions by 40%
Brent crude futures fell 74 cents, or 0.8%, to $94.18 per barrel
Company reported EBITDA of AED 1.99 bn
The company intends to roll out 1,429 projects
Due to weak US demand, recession fears
The highest quarterly surplus since data publication began in early 2016
Summit will be crucial to Africa’s response to climate change
Washington: A step in the right direction
Increase by 100,000 barrels per day
41% of regional investors wanted to implement effective ESG policy
Acquisition fits in with growth strategy for lubricants, says Aramco
The UAE is the most affected
OPEC Sec Gen: Russia's presence in alliance key to agreement success
Crown Prince Mohammed: Desire to strengthen strategic partnership
Will OPEC+ raise output at its next meeting?
Authorities urged residents not to leave their homes unless necessary
They benefited from rising oil and gas prices
Connecting electricity grids provides cheaper green energy
Project is key component of ADNOC's strategy for gas self-sufficiency
Energy Forum: to return to the level of $525 billion by 2030
Fuel is among the most requested reimbursements for UAE employees
"We have safely completed 1.5 mn man-hours since the project's inception"
The project is valued at 25 billion euros
Country requests bids for waste-to-energy project
European plans reducing gas consumption by 15%
Global electricity demand is expected to rise by 2.4% in 2022
Capital expenditure will include expansion of renewable, clean energy projects
Millions to be displaced as rising waters reclaim heavily populated lands
It follows signing of UAE-France Comprehensive Strategic Energy Partnership
Russia to undermine the dollar's hegemony by disengaging the "petrodollar
Saudi Foreign Minister Prince Faisal bin Farhan on official visit to Japan
Sheikh Mohamed bin Zayed visits the French National Army Museum
America acquires 11% of Saudi foreign trade in 10 years
Both major benchmarks for crude shed more than $5 a barrel
Prices of diesel supplied to the food and electricity industries were fixed
UAE, France are expected to launch a business and investors club
"OPEC" does not expect breakthrough in supplies for 2023
The final death toll remains unclear
Oman was affected by the depression's peak impact
Citizens looking for alternatives to power cuts boost the solar power market
Russia stops shipping Kazakh oil, which raises prices again
He participated in an energy conference in Nigeria yesterday
First $500 million will be paid in cash
Program to accelerate Qatar's efforts towards climate change
DEWA: Total energy production capacity reached 14.1 gigawatts
G7 recently discussed a plan to put more pressure on Moscow
Alnama will have 100% renewable energy
The price rise is in line with previous increases throughout 2022
Avoid any policy discussions in September
Coal power plants in France, Austria, Germany, the Netherlands get ready
“OPEC +” tomorrow maintain plan to accelerate increase in August crude production
Macron tells Biden that UAE, Saudi can barely raise oil output
Alternatives include multi-use bags
The coalition sticks to plan to accelerate increase in oil production
Participating companies to contribute 110 billion dirhams
With a focus on structural battery performance
Gulf states’ beaches, remote desert areas, among best for wind generation
With investments worth $1.5 million
The company will have a 6.25 percent stake in the North Field East expansion
The World Bank wants reforms before financing the agreement
Significant step within strategic partnership announced by UAE President
Report highlighted the role of a smart grid in the Smart City's development
The move highlights Volvo's position as a key player in climate action
Global oil demand to grow roughly to 3.4 million BPD in 2022
Project to increase Qatar's LNG output capacity to 10 million tons per year
Saudi’s crude oil production capacity to reach 13.3-13.4 million BPD
The losses account for 7.6% cut to GDP in 2070 alone
Existing ones, irrespective of their source of power, don’t need to bother
"The group was currently 2.6 million barrels per day short of its target"
Qatar to finance a $30 billion LNG plan to raise production
Results coincide with World Oceans Day
Volume of recycled glass expected to reach 6.2 percent by 2027
Citi estimated Brent to average $75 per barrel in 2023
Total global production of paper and cardboard is over 400 million tons yearly
Oman currently has 5.2 billion in oil reserves
DST to enhance Dubai’s position as a leading sustainable destination
The extra 648,000 bpd exceed observer expectations
The company champions sustainable design to reach net-zero
About 90 percent of Russian oil imports to the bloc will be stopped
Qatar’s carbon-neutral commitment should be "recognized, not criticized"
Putin to lose about $10 billion annually in oil export revenues
Oman records the highest growth rate in gas exports
Oil crosses $120 in anticipation of the European decision
Export capacity to amount to 12 million tons annually within 3 years
The Middle East’s first waste-to-energy plant opens in Sharjah
ADNOC says the project with BP has moved into the design phase
Solar energy is the new oil
Saudi Energy Minister: World must appreciate value of the alliance
Plastics, CO2, recycling high on projects’ agenda
Profits climbed to SAR151.9 compared to SAR139mn in 2021
65% of CEOs expect their companies would focus on ESG
The energy and resources industry will witness a major transformation
Saudi, UAE are key players in electric mobility transition
OQ invites banks to pitch for gas pipeline network IPO
Prince Abdulaziz: Oil output depends on what we do in the divided zone
Al-Rajhi Financial expected Aramco to achieve profits of 136.6 billion riyals
The initiative is part of Kyndryl’s global sustainability program
A 195 billion-euro plan to stop Russian fossil fuels' import by 2027
Bosch to invest 500 million euros to produce hydrogen
It lowered its forecast for a rise in global oil demand growth by 300,000 barrels
Net profit jumped 33% to 6.47 billion riyals
Several factors to boost Aramco's share prices in coming months
Global leaders, industry experts convene for day two of the World Utilities Congress
The Gulf region is mounting efforts to preserve water
The company’s market value has risen to $2.464 trillion
“OPEC +” is doing its part to meet global demand amid geopolitical pressures
The company recorded the highest volume of fuel sales ever during Q1
The cost of food wasted annually around the world is about $1 trillion dollars
The WUC to explore the role of hydrogen in the future of the utilities sector
The "OPEC +" is scheduled to hold its next meeting on the second of next June
It posted loss of over $20 billion as it withdraws from energy group Rosneft
WUC 2022 set to discuss the future of low-carbon power and water supplies
Saudi is in a prime position to produce green and blue hydrogen
Sustainable investments will not contribute to cash flow over next 5 years
Empower IPO to be announced soon; not during current quarter
500 billion plastic bags are used worldwide
The ship is carrying 750 tons of fuel, threatening environmental disaster
The company completed the purchase of Scientific Design
Down 480,000 bpd from its previous forecast
The industry stakeholders lost sight of buildings’ unsustainable energy usage
Contract is valued at $900 million
Neutral Fuels is turning waste into green energy
OPEC said the increase in prices was driven by geopolitical tensions
Decision based on strong investor demand, oversubscription across all tranches
Oil prices rise again after two days of decline
"We have one mission in OPEC + and that is to stabilize the market"
Investing in hydrocarbons ensures smooth global energy transition
With business activity back, the world may go back to high-carbon ways
Al-Mazrouei: “We will not leave OPEC+, or do something unilateral”
Solidarity shown with Europe by dispensing with lucrative gas contracts
The Partners will supply, purchase, and trade carbon credits
Tiny behavioral changes can be colossal in saving oceans
The world awaits the “OPEC” meeting on March 31
Brent crude exceeded $110 a barrel
Saudis crown prince stresses preserving the "OPEC +" agreement
S&P: Qatar can compensate Europe for 13 percent of Russian gas supplies
The agreements aim to provide services for cementing services
SEC completed the implementation of sector regulatory and financial reforms
Project is an investment worth about $11 billion
The UAE believes in the value that OPEC + brings to the oil market
Progress made on Dubai Waste Management Centre at Warsan
Long-term bonds part of credit facility
They could increase the pace of electrification but also exploration
Saudi announces its support for the "OPEC +" agreement
Even when nations don't sanction Russia, private companies will
Aramco announces in March its top financial results for 2021
"Gazprom Trans" stopped receiving requests to transport LNG to Ukraine
Sustainability in the Aramco hierarchy of priorities
Strategic partnership entered with Streamax Tech, GBS solutions
Awards part of strategy to boost crude oil production capacity to 5 million bpd
Sustainable air travel options will take years to become commercially viable
Upon any invasion, the US and EU could impose sanctions on Russia
Al Masaood Automobiles brands and partnerships always operated as industry leaders on positive change
It was the second hydrocarbons finding ADNOC revealed
Saudi raised its natural gas production by 30% over the last 10 years
Production of Saudi and Russia rises to 10.331 million barrels per day
OPEC+ refuses to be bound by faster increases in crude production
Expect a slight increase in global demand for natural gas in 2022
What are the major market indicators influencing interest rates?
ADNOC, TAQA partner to curb carbon emissions
Egypt eyes increased oil and gas output
The emirate aims at having a carbon-neutral economy by 2050
How will an energy crunch impact the shift to renewables?
Western double standards risk reducing production levels
Dubai saves AED1,3B and 14M working hours with new policy
Energy & Sustainability
The meeting comes in light of the turmoil witnessed by the global banking sector